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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Computations of Basic and Diluted Net Income per Share
Basic earnings per share is calculated by dividing net income by the weighted average shares outstanding. Diluted earnings per share is calculated using the treasury stock method by dividing net income by the total weighted average shares of common stock outstanding and restricted stock awards. The computations of basic and diluted net income per share were as follows (in thousands, except per share amounts):

 
 
Three Months Ended March 31,
 
   
2021
   
2020
 
Basic:
           
Net income
 
$
15,950
   
$
11,245
 
Weighted average shares outstanding
   
26,393
     
26,687
 
                 
Basic net income per share
 
$
0.60
   
$
0.42
 
 
               
Diluted:
               
Net income
 
$
15,950
   
$
11,245
 
 
               
Weighted average shares outstanding
   
26,393
     
26,687
 
Restricted stock awards
   
494
     
83
 
Total
   
26,887
     
26,770
 
 
               
Diluted net income per share
 
$
0.59
   
$
0.42